The prices in real estate in Erlanger, in the Kentucky region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Erlanger has remained the same in the last 6 months. In February, the average price per sq.feet was $180. In March this price pretty much remained the same at a value of $185 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $182.5 to $180.5 per sq.feet. The price per sq.feet has decreased 91 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $181.5 to $165.5 during June, and July.
Based upon to the price in Erlanger (cities), these have remained the same in the last 6 months. In our first sample month during February, the average price is $385,268. In March This price remains at $400,074. In the following two months the average price has remained the same with regard to the previous two months from $392,671 to $392,675. During the last two months the average price has had a strong fall compared to the previous four going from $392,673 to $327,116.5, which means a 83 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $279,253 they are 53 % more affordable than the average price for Erlanger. The properties with the highest average price have 4 bedrooms, Their price is 23 % more costly than the average. After that we have properties with 3 bedrooms priced at $338,940.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $111 / sq.feet, with an average $153 / sq.feet price in Erlanger. The properties with the highest average prices have 3 bedrooms. They are 6 % more expensive than the average followed by properties with 2 bedrooms with a price at $160 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $279,253 it is 62 % cheaper than the average price in Erlanger. "Duplex" is seen as the second most affordable property type. The dearest property type is "Townhouse" followed by "House". At a price of $319,090 it is 14 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $100 / sq.feet followed by "Townhouse" priced at $131 / sq.feet. "Condo" is the most costly type of property with a $918 / sq.feet cost followed by "House" with an average price of $133 / sq.feet.